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SEC Delays Decision on Chinese Buyout of CHX; Former HK exchange chief charged with conspiracy John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff CHX got the cold shoulder on Wednesday when the SEC decided to postpone their decision on the sale of the exchange to a group that includes Chinese investors. It’s a politically driven maneuver not far off from the XL Pipeline in the last administration, but it’s also an abdication of its responsibilities as a regulatory body. Leaving companies in limbo is bad policy, not to mention it will be noticed in Beijing the next time a US company wants to make an acquisition or deal there. You can have it both ways…